Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Equity Capital Markets and Advisory Business

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector. The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space. Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. Auctus provides Corporate Broking, Equity Research and Investment Banking services.

Equity Bottom-Up

<ul>
<li>3Q25 production and net cash figures as of end-September have already been disclosed.</li>
<li>Bretana field output averaged 14,983 bbl/d during the first 10 days of November.</li>
<li>Only one of the five wells previously shut due to tubing leaks has been worked over and returned to production so far.</li>
</ul>


3Q25 production and net cash figures as of end-September have already been disclosed.
Bretana field output averaged 14,983 bbl/d during the first 10 days of November.
Only one of the five wells previously shut due to tubing leaks has been worked over and returned to production so far.


PetroTal Corp (PTAL): Preserving Capital in the Context of Drilling Delays Impacting FY26 Production

<ul>
<li>3Q25 production averaged 18,414 bbl/d.</li>
<li>This rate is consistent with the previously reported rate of 18,805 bbl/d through 15 September, reflecting the impact of well shut-ins at Bretana since mid-August.</li>
<li>Five wells are currently offline at Bretana, with total group production (including Los Angeles) averaging ~16 mbbl/d over the first 10 days of October.</li>
</ul>


3Q25 production averaged 18,414 bbl/d.
This rate is consistent with the previously reported rate of 18,805 bbl/d through 15 September, reflecting the impact of well shut-ins at Bretana since mid-August.
Five wells are currently offline at Bretana, with total group production (including Los Angeles) averaging ~16 mbbl/d over the first 10 days of October.


PetroTal Corp (AIM: PTAL): Imminent Work-Over Programme at Bretana

<ul>
<li>3Q25 production to 15 September averaged 18,805 bbl/d, comprising 479 bbl/d at Los Angeles and the balance at Bretana.</li>
<li>PetroTal has identified tubing leaks in six wells, impairing artificial lift efficiency.</li>
<li>Four wells have been temporarily shut-in pending tubing replacement.</li>
</ul>


3Q25 production to 15 September averaged 18,805 bbl/d, comprising 479 bbl/d at Los Angeles and the balance at Bretana.
PetroTal has identified tubing leaks in six wells, impairing artificial lift efficiency.
Four wells have been temporarily shut-in pending tubing replacement.


PetroTal Corp (AIM: PTAL): Minor Production Deferral. FY25 Production Guidance Re-Iterated

<ul>
<li>2Q25 production averaged 21,039 bbl/d, in line with expectations.</li>
<li>This includes 20,512 bbl/d from Bretana and 526 bbl/d from Los Angeles.</li>
<li>Output was affected by previously disclosed pump failures in four wells.</li>
</ul>


2Q25 production averaged 21,039 bbl/d, in line with expectations.
This includes 20,512 bbl/d from Bretana and 526 bbl/d from Los Angeles.
Output was affected by previously disclosed pump failures in four wells.


PetroTal Corp (AIM: PTAL): 2Q25 Results in Line. Production Steady Despite Rig Delay.

<ul>
<li>1Q25 production and net cash at the end of March had been previously announced.</li>
<li>PetroTal maintains a solid financial position with US$116.6 mm in cash.</li>
<li>Additionally, the company has secured a term loan with a syndicate of Peruvian banks, with commitments of up to US$65 mm to finance the erosion project at Bretana.</li>
</ul>


1Q25 production and net cash at the end of March had been previously announced.
PetroTal maintains a solid financial position with US$116.6 mm in cash.
Additionally, the company has secured a term loan with a syndicate of Peruvian banks, with commitments of up to US$65 mm to finance the erosion project at Bretana.


PetroTal Corp (AIM: PTAL): Good Balance Sheet. Flexible Capex

United States

PetroTal Corp. operates as an oil and gas development and production company. The Company focuses on acquisition, development, and exploration of material oil assets. PetroTal serves customers in North and South America. ... More

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PetroTal (PTAL LN)

PetroTal Corp (PTAL): Preserving Capital in the Context of Drilling Delays Impacting FY26 Production

3Q25 production and net cash figures as of end-September have already been disclosed. Bretana field output averaged 14,983 bbl/d during the first...

Auctus Advisors

PetroTal Corp (AIM: PTAL): Imminent Work-Over Programme at Bretana

This rate is consistent with the previously reported rate of 18,805 bbl/d through 15 September, reflecting the impact of well shut-ins at Bretana...

Auctus Advisors

PetroTal Corp (AIM: PTAL): Minor Production Deferral. FY25 Production Guidance Re-Iterated

PetroTal has identified tubing leaks in six wells, impairing artificial lift efficiency. Four wells have been temporarily shut-in pending tubing...

Auctus Advisors

PetroTal Corp (AIM: PTAL): 2Q25 Results in Line. Production Steady Despite Rig Delay.

2Q25 production averaged 21,039 bbl/d, in line with expectations. This includes 20,512 bbl/d from Bretana and 526 bbl/d from Los Angeles.

Auctus Advisors

PetroTal Corp (AIM: PTAL): Good Balance Sheet. Flexible Capex

1Q25 production and net cash at the end of March had been previously announced. PetroTal maintains a solid financial position with US$116.6 mm in...

Auctus Advisors

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